Welcome to Superior Accounting Group's
e-newsletter

For the month of May, it's all about getting you focused on tax planning. Be sure to check out our blog piece below for some tips to getting started and also my recent webinar covering tax planning for businesses and investors. If you've got any questions, my team and I would be more than happy to assist you.

We hope you'll enjoy reading the content of this newsletter and welcome you to share the content with your friends or have them subscribe to us. Have a lovely day and thank you for your support.

- Adrian Hill
Founder, Superior Accounting Group

It's nearing the end of May. Have you started on your tax planning yet?

Time is ticking and the days to getting your taxes lodged are going by. If you have yet to get started on tax planning, what are you waiting for?

For those who have had changes in the past year affecting your income such as starting a new business, or perhaps earning rental income through investment in a new property – your tax calculation for this year may vary significantly from the previous year. Factoring these in, you may find yourself owing a sizeable amount of taxes you are not financially prepared for, which is why it's
important you get your tax planning done right.

If you need a hand to assist you in tax planning, let us know, and be sure to check out Adrian's tax planning webinar for businesses and investors which we are featuring at the end of the newsletter. You can also head on over to our blog to learn some handy tips.

Looking To Retire With An SMSF? What You Should Know Before Moving Into One

Self Manager Super Funds (SMSFs) surged in popularity after the 2006 announcement of tax-free super for senior citizens with nearly 600,000 registered SMSFs in the country today.

If you too are considering
to retire with a SMSF, do consider the various features and benefits of what a SMSF brings before moving into one. You'll want to make sure your expectations are aligned and that your SMSF will be able to support your retirement plans.

NSW Government applies extra charges and taxes to foreign home buyers

In addition to the recently introduced legislation by the Australian Taxation Office that targeted foreign residents investing in Australian property, New South Wales Treasurer Gladys Berejiklian further raised the prospect of introducing a foreigner land tax surcharge of between 1 and 1.5 per cent in next month’s NSW state budget.

The move by NSW follows Victoria State's increase of their stamp duty surcharge from 3 to 7 percent and land tax levy from 0.5 to 1.5 percent for foreigners. Property Council of Australia's NSW
executive director Jane Fitzgerald thinks the move by the NSW state could mean the loss of overseas investment, which would then affect the construction of new housing developments.

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- Grab your copy of the book! -

Did you know that Superior Accounting Group's founder, Adrian Hill, recently published a book? Titled "Investment Property + Time = Wealth", it's a must read for anyone who wants to know how to create wealth through property investing.

As a treat for you, check out a snippet of the book:

"We always felt there ought to be more to life than that but it took us a long time to find the correct path. We would spend long hours walking the dog, talking and – both being accountants – crunching the numbers but we still couldn’t understand why anybody would bother to own a rental property. The rent never covers the mortgage repayments, so what’s the point of owning something that continually loses money?

Then we discovered two little words that changed everything: capital growth."